Can we say the Gold price follows crypto?

[AMD]

I was wondering if it wrong to say that the price per ounce Gold follows the pricing of cryptocurrencies ?

What I mean is that if crypto rise Gold does if crypto falls Gold does - is that right of an observation?

 

[zerosugar]

AMD said:
I was wondering if it wrong to say that the price per ounce Gold follows the pricing of cryptocurrencies ?

What I mean is that if crypto rise Gold does if crypto falls Gold does - is that right of an observation?
Click to expand...

You're an offshore agent and don't understand the basics of statistics?
No, your observation is wrong. No positive correlation.

 

[uplana]

zerosugar said:
You're an offshore agent and don't understand the basics of statistics?
Click to expand...

smi(&% user title is set by the forum system not by the user.

The Gold price goes up and down like crypto does there is indeed no correlation there.

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